CMO Group PLC (AIM:CMO) agreed to acquire Jtm Plumbing Limited for ?5.7 million on September 29, 2021. The consideration of up to ?5.7 million for JTM Plumbing Ltd, which is subject to net asset adjustment, includes an initial consideration of ?3 million and an element of contingent consideration, subject to achieving earn out criteria, to be settled in cash drawn from the Group's revolving acquisition facility. In the financial year ended October 31, 2020, JTM Plumbing Ltd reported revenues of ?5.9 million, adjusted EBITDA of ?0.54 million and Net assets at October 2020 were ?1.6 million. Rebecca Burford, Helen Coward, Esther White and Andy Williams of Charles Russell Speechlys LLP acted as legal advisor to CMO Group PLC.